How To Short SIA By Exercising Its Rights? (in theory)
1. Have SIA shares and hold it till last day of CR.
2. On the first day of XR, SELL SIA shares at opening. Sell any price above the exercise price ecause it should drop to near the rights exercise price.
3. With the funds received, use it to exercise the rights and subscribe for the shares. If looking to buy more shares, buy from the market directly (at a favourable price of course).
With the above mentioned 3 steps and if the market is in favour, shareholder would have profited from a sell high buy low action.
Watch the price tomorrow when SIA XR.
